With empathy in mind, let’s wash our hands, put on our masks, social distance, look forward to the new year (and vaccinations), and get under the hood…Consumer Price Index.

Come April, that same industry employed 728,000 people dropping 60% month-to-month.(4)The following month you saw a positive 13.8% month-to-month gain in employment, or 866,600 now employed Hospitality & Leisure employees. (4)But, despite these signs of a comeback we will finish 2020 with a higher than healthy unemployment rate, and a partially opened and struggling service industry.Predictions on when we will back to normal hinge on the vaccine availability and how quickly people get vaccinated.Final ThoughtsAfter reviewing this information it’s easy to see how much the Hospitality & Leisure industry needs help, and supporting them through gift cards or donations will help prop them up until we can officially re-open everything.Speculations on how long until full recovery are modest for Texas — two to three quarters — while the rest of the U.S. could be seeing at least three years of down economic times. (2)ReferencesDallas Fed; “Your Texas Economy” — https://www.dallasfed.org/-/media/Documents/research/econdata/texaseconomy.pdfMark Sprague, State Director of Information Capital presentation — available on requestPWC & ULI: “Emerging Trends in Real Estate” — https://ulidigitalmarketing.blob.core.windows.net/emergingtrendspdfs/ET2020FallMeeting.pdfDallas Fed: Leisure & Hospitality — https://www.dallasfed.org/research/econdata/ausleiha.aspxDallas Fed: Texas Employment — https://www.bls.gov/eag/eag.tx.htmElise Gould: Quote — https://www.fastcompany.com/90549147/forget-u-or-v-or-w-we-may-be-headed-toward-a-k-shaped-recovery

Also, assuming a vaccine is on its’ way - how do you see the market changing?

You have some time to contemplate things and we don't know what the future holds, but if the vaccine works as expected and things begin to return to normal the next few months, you should be in strong position with any of your aforementioned possible strategies.

Vaccine by July + Rehab for 6 months  + 6 months (worst case) to flush 100% of current tenants.

And the vaccine is coming so I doubt eviction moratoriums will still be in place by the end of next year. 

Tenants AND landlords are really where the pain is right now, but everyone's basically just forced to wait everything out,.. vaccines are on the way. 

When there is a vaccine things should get back to what it was.

A growing number of companies, including high-profile businesses such as Google and Warner Music Group, have announced that they will keep their employees working from home until at least next year (which suggests demand for new space will continue to be low as the world waits for a vaccine and new treatments that will defang the novel coronavirus).

Like Everyone I am just hoping that this vaccine that is on its way gets here and we can start to build back. we need:Airlines to be healthyTravel industry to be healthy so folks can travel and take vacations.Restaurant business and all those that support them.. from farmers to vintners pots and pans and of course the staff.So as it relates to real estate available credit and super low rates have kept it from crashing on the SFR side and as long as that remains I personally dont see some huge event like 08 to 2011 in the SFR space..